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The link of Yieldt with your Kraken account is made through an API key (Application Program Interface). This allows us to buy and sell positions for you without you giving us your password.
Below is a step-by-step explanation of how you can create these API keys and protect your account against intruders.
Login to your Kraken account.
Click on your name in the top right and choose Security. Then click on 2FA Settings.
Select the ON dial for the Sign-In feature. Then select the 2FA App option.
Download the Google Authenticator or Twilio Authy app on your mobile phone.
Open the authentication app on your mobile phone and scan the provided QR code.
Enter the numeric code that appears on your authentication app and click the Confirm button.
Click on your name in the top right and choose Security. Then click on API.
Now click on Add Key.
At Key description you enter Yieldt and at Nonce window 5000.
The following Key Permissions should be checked.
Order & Trades:
The three options below should not be selected:
Click on Generate Key. Caution; click not yet on Save. You will need the visible keys in the next step.
Return to Yieldt’s registration form.
Paste the API Key from Kraken into the registration field of Yieldt where it says API Key.
Paste Kraken’s Private key into Yieldt’s registration field where it says Private key. Then click on the next step.